Bolton Conservatives have welcomed £20,000,000 in new funding for Bolton as part of the latest round of Levelling Up Funding to deliver the regeneration of Bolton Town Centre.
The project was drawn from the impressive pool of bids which narrowly missed out in the second round of funding, but were assessed as high-quality and able to deliver quickly for local people.
In total, the third round of the Levelling Up Fund has awarded nearly £1 billion to 55 projects across the country, including £150 million to develop better transport links across the country and £825 million to kick-start regeneration in town centres.
This builds on the £3.8 billion that has already been awarded to 216 projects across the first two rounds of the Levelling Up Fund, helping to drive prosperity and pride in place in communities across the UK.
The latest Levelling Up Funding follows the £1 billion Long-Term Plan for Towns announced last month to empower communities and help revive high streets, tackle anti-social behaviour, improve transport and grow the local economy.
The commitment also follows other initiatives designed to support towns, including driving economic growth in 101 areas through the Towns Fund, and the £1 billion Future High Streets Fund, which is creating thriving high streets.
The Conservative Government is taking the long-term decisions for a brighter future for people across the country by transforming places that have been overlooked for too long, spreading opportunity and growing our economy.
Leader of Bolton Conservatives, Cllr Martyn Cox, said:
I am delighted that the Conservative Government has been listening to local people, and letting communities decide how best to transform their local area.
After the disappointment of narrowly missing out in the second round, I welcome the news that we have been awarded £20m in the third round of the Levelling Up Fund to deliver our town centre regeneration here in Bolton.
The Conservative Government is continuing to deliver on its Levelling Up promise, ensuring that opportunity and economic growth is spread out across the country.
Commenting, Levelling Up Secretary Michael Gove said:
Levelling up means delivering local people’s priorities and bringing transformational change in communities that have, for too long, been overlooked and undervalued.
Today we are backing 55 projects across the UK with £1 billion to create new jobs and opportunities, power economic growth, and revitalise local areas.
This funding sits alongside our wider initiatives to spread growth, through devolving more money and power out of Westminster to towns and cities, putting in place bespoke interventions to places that need it most, and our Long-Term Plan for Towns.
